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Africa’s Billionaires List, 2016

Africa’s Billionaires List, 2016

BUSINESS

Africa’s richest have a combined $80.96 billion, a drop of $13.04 billion from $94 billion in 2015 

This year’s Africa’s Billionaires list is dominated by Egyptians, who have a combined net worth of $15.71 billion, just $1.31 billion above the net worth of Nigerian billionaire, Aliko Dangote. 

Dangote continues to soar high according to The African Billionaires 2016 March list released by Forbes, though his net worth took a $1.3 billion compared to end of 2015. 

While this is a positive outlook for Dangote and other wealthy men and women in the list, there were only 24 African billionaires this year, which is a drop by five, compared to 29 the previous year. 

Africa’s richest have a combined $80.96 billion, a drop of $13.04 billion from $94 billion in 2015. The wealthiest group are South Africans with a combined net worth of $22.21 billion. From the 54 African countries, only eight are represented in the list and only two are women. 

A close look of the Top Ten African billionaires 

1. Aliko Dangote 

Source of wealth: Cement, Flour, Sugar, Salt 

Aliko Dangote comes from a family with a strong business background; his great uncle, Alhaji Alhassan Dantata was dubbed the richest African at the time of his death in 1955. Perhaps it is no surprise that Aliko had interests in business from an early age, he apparently started selling sweets while in primary school just to make money. The Nigerian businessman founded Dangote Group in 1981 and thereafter transformed it into a conglomerate comprised of Dangote Sugar Refinery, Dangote Flour and Dangote Cement. Dangote Cement is the biggest cement producers in Africa with capacity of over 20 million metric tones per annum while Dangote Sugar Refinery boosts being the largest Sugar producers in Africa and third in the world, producing an estimated 800 thousand tons of sugar annually. Dangote has expanded his reach beyond Nigeria, to West Africa and across sub Sahara with major presence in Nigeria, Ghana, and Togo. Forbes estimates his current worth to be $16.4 billion. He has been Africa’s richest person since 2013 when he surpassed Mohammed Hussein Al Amoudi. 

2. Michael “Mike” Adenuga 

Source of wealth: Telecom, Oil, Real Estate 

Mike grew up in the Lagos, Nigeria. Born in 1953, Mike worked as a taxi driver to help fund his MBA at Pace University in New York. He started by making his fortune in trading lace and Coca-Cola. In 1991, Mike then founded Conoil (formerly Consolidated Oil Company), the company operates 6 oil blocks in the Niger Delta.

The company has three major operating sectors, White products (Industrial and Aviation Fuel), Lubricants and Liquefied Petroleum Gas (LPG), it mainly engages in the manufacture and marketing various petroleum products. 

He also owns Globacom, the second largest telecommunications company in Nigeria; it also has operations in Ghana and the Republic of Benin. Globacom has an estimated 32 million subscribers in Nigeria. The second richest Nigerian has an estimated net worth of $10.3 billion. 

3. Nicholas “Nicky” Oppenheimer 

Source of wealth: Diamonds 

Nicky Oppenheimer is the richest person from South Africa. His grandfather Ernest Oppenheimer who founded the Anglo American, a multinational mining company and the current world’s largest producer of platinum. Nicky joined Anglo American as the Personal Assistant to the Chairman in 1968 and quickly moved up the ranks to deputy Chairman in 1983. 

While he amassed some of his wealth from Anglo American, the major source of his wealth is his inheritance of De Beers, one of the leaders in the diamond industry and Tswalu Kalahari Reserve the largest private game reserve in South Africa. Nicholas succeeded his forefathers as the Chairman of De Beers in 1998 in what is sometimes referred to as the Oppenheimer dynasty thus inheriting the family business. He stepped down in 2012 and liquidated 40% of his DeBeers shares to familiar face of Anglo American for $5.1 billion in cash. The 57 year old has an estimated net worth of $6.6 billion. 

4. Christoffel Wiese 

Source of wealth: Retailing 

Christoffel Wiese grew up in Upington, Northern Cape in South Africa. A lawyer by profession, Christoffer left the Cape bar to join a family business as a Director of Pepkor, which originated as the discount clothing retail chain Pep Stores. His Pepkor group currently operates more than 4000 retails with major operations in South Africa, Australia and Poland. Wiese took brief break from Pepkor to venture into diamond mining and politics. In 1980, he returned to Pepkor as Chairman, Pepkor has recently acquired Shoprite Holdings, which he turned into the largest food retailer in Africa. Shoprite operates 1825 corporates and 363 franchise outlets in 15 countries across Africa employing over 136 000 people. In February 2015, Steinhoff purchased Pepkor for $5.7 billion in cash and stock a deal that resulted with Christoffel owning 17% of Steinhoff. This South African has an estimated net worth of $7.3 billion. 

5. Johann Rupert 

Source of wealth: Luxury Goods 

Johann Rupert grew up in Stellenbosch South Africa. Born in 1950, Johann is the eldest son of Anton Rupert who founded Voorbrand, a tobacco company that was later renamed Rembrandt. The Rembrandt group founded Richemont a holdings Swiss company for leading luxury goods companies and Remgro an investment company with particular interests in food, liquor and home care, financial, and industrial companies. 

Johann Rupert currently chairs both companies. Rupert has a strong interest in sports, a former cricketer himself, he developed Leopard Creek Golf Club in Mpumalanga South Africa which is constantly ranked in the top three of best golf courses in South Africa and he owns part of Saracens a first division English rugby team. The South African has an estimated net worth of $5.4 billion with luxury goods as his main source of wealth. 

6. Nassef Sawiris 

Source of wealth: Construction, Chemicals 

Nassef Sawiris is the richest person from Egypt. He is the son of Onsi Sawiris a businessman who founded Orascom a conglomerate with primary focus on infrastructure, industrial and high-end commercial projects. Nassef joined his father’s venture in 1982, in 2015 Orascom split into Orascom construction that Nassef serves as its non-executive Chairman and Orascom Construction Industries where he serves as a Chief Executive Officer. Sawiris emerged as the largest individual shareholder of Adidas in October; he holds 6% of Adidas shares, which is approximated to worth about $1 billion. Sawiris recently founded Nile Holdings Investment, a private equity fund that invests in different industries with a major focus in Egypt’s health care sector. The 55 years old graduate of University of Chicago has an estimated net worth of $4.4 billion. 

7. Nathan Kirsh 

Source of wealth: Retail, Real Estate, Self Made 

Nathan Kirsh was born in Potchefstroom, South Africa. He later became a permanent citizen of Swaziland in 1986. Kirsh made his first mark into the business arena when he founded Swaziland Mills, a Swaziland corn-milling company. He later expanded the reach of this milling company to become a dominant food retailer in South Africa. The company overextended its reach by committing to building two-dozen malls; unfortunately South Africa was at the edge to extending increasing its international sanctions, a result of which cost Kirsh most of his fortune. Currently Kirsh’s fortune comes from Jetro Holdings, Inc, which operates Jetro Cash and Carry, one of the leading wholesale cash and carry stores in USA and Restaurant Depots in New York City. The Kirsh Holdings Group owns 50% of Swazi Plaza Properties, which is makes up his biggest investment in Swaziland. Kirsh has an estimated $4 billion net worth. 

8. Isabel dos Santos 

Source of wealth: Investments 

Isabel dos Santos is the richest woman in Africa. She is the eldest daughter of long time Angola President Jose Eduardo dos Santos. Isabel started her venture into the business world as a project manager for Urbana 2000 a subsidiary of Jembas that was contracted for cleaning and disinfecting of Luanda. She later set up a truck business company, this coupled with establishment of the walkie-talkie system paved way for her to move into the telecommunications industry. In 1997, Isabel started Miami Beach Club, her first business and one of the first night clubs beach restaurants in Luanda Island. The Electrical Engineering graduate of King's College owns a number of assets in Angola, including 25% of Unitel, the largest mobile phone company in Angola. Among her diverse investment portfolio is 19% of Banco BPI, Angola’s largest bank and 7% of Galp Energia, an oil and gas company. The 42-year-old Angolan has an estimated net worth of $3.2 billion. 

9. Issad Rebrab 

Source of wealth: Food 

Issad Rebrab is the richest man in Algeria. His industrial career apparently started in 1971, when one his clients suggested he take shares in metallurgical construction company. Issad, a teacher by profession said he took a calculated risk, and in the worst case he knew he could always return to teaching. He joined the industry by acquiring 20% shares of Sotecom, a metallurgical construction business. Issad stands out as one of the few African billionaires who come from modest families, his parents were revolutionaries who struggled for the independence of Algeria. His major installations where destroyed in 1995 by terrorist attack, costing him an estimated $1.1 billion. He came back stronger in 1998 with the foundation of Cevital, one of the largest Algerian private enterprise, with subsidies in agribusiness, distribution, glass industry and real estate. Issad has an estimated net worth of $3.3 billion. 

10. Naguib Sawiris 

Source of wealth: Telecom 

Naguib Sawiris is the eldest of three Onsi Sawiris’ sons. Naguib joined the family business Orascom in 1979. He played an integral role in the growth and diverse portfolio of the company turning it into one of the largest private sector firms. Sawiris, a Masters graduate of ETH Zurich particularly helped establish the railway, information technology and telecommunications, the success of these sectors led to the split of Orascom into Orascom Telecom Holding, Orascom Construction Industries, Orascom Hotels & Development and Orascom Technology Systems. He owns the liberal Egypt TV station ONTV. Perhaps he is most recently known for his desire to buy an Island between to give 100 000 to 200 000 refugees a home, this was after he saw a picture of a three year old Syrian boy who drowned trying to find refuge. The Egyptian has an estimated net worth of $3 billion. 

Global overview 

Even with a slight decline of $1.8 billion from last year’s Forbes Billionaire list, Microsoft's co-founder Bill Gates retains his position as the world’s wealthiest man with a net worth of $77.4 billion. A position he holds for the 17th time in the last 22 years. 

Gates is closely followed by Spaniard Amancio Ortega, who is the brains behind Inditex fashion group, which owns Zara clothing and accessories retail shops 

With $48.9 billion, Facebook's co-founder Mark Zuckerberg has moved up ten spots making him among the ten wealthiest people in the world. Zuckerberg holds the sixth position with his net worth increasing by $15.5 billion from $33.4 billion in 2015. 

Here is a complete list of the African billionaires 

Here is a complete list of the African billionaires

Rank	Name	Net Worth $	Source of Wealth	Citizenship	Age
1	Aliko Dangote	14.4 bn	Cement, Flour, Sugar, Salt	Nigeria	58
2	Mike Adenuga	10 bn	Telecom, Oil, Real Estate	Nigeria	62
3	Nicky Oppenheimer	6.6 bn	Diamonds	South Africa	70
4	Christoffel Wiese	6.2 bn	Retailing	South Africa	74
5	Johann Rupert	5.3 bn	Luxury Goods	South Africa	65
6	Nassef Sawiris	4.1 bn	Construction, Chemicals	Egypt	55
7	Nathan Kirsch	3.7 bn	Retail	Swaziland	84
8	Isabel dos Santos	3.1 bn	Investments	Angola	42
9	Issad Rebrab	3.1 bn	Food	Algeria	71
10	Naguib Sawiris	3 bn	Telecom	Egypt	61
11	Mohamed Mansour	2.5 bn	Diversified	Egypt	68
12	Othman Benjelloun	1.9 bn	Banking, Insurance	Morocco	83
13	Mohamed Al Fayed	1.9 bn	Retailing	Egypt	87
14	Femi Otedola	1.85 bn	Gas Stations	Nigeria	53
15	Youssef Mansour	1.73 bn	Diversified	Egypt	70
16	Folorunsho Alakija	1.55 bn	Oil	Nigeria	65
17	Allan Gray	1.49 bn	Money Management	South Africa	78
18	Koos Bekker	1.47 bn	Media, Investment	South Africa	63
19	Yassen Mansour	1.39 bn	Diversified	Egypt	54
20	Aziz Akhannouch	1.25 bn	Petroleum, Diversified	Morocco	55
21	Patrice Motsepe	1.15 bn	Mining	South Africa	54
22	Abdulsamad Rabiu	1.1 bn	Diversified	Nigeria	55
23	Onsi Sawiris	1.09 bn	Construction, Telecom	Egypt	86
24	Mohammed Dewji	1.09 bn	Diversified	Tanzania	40

SOURCE: THE AFRICAN EXPONENT 

Foundation Hails YES Tanzania For Implementing a Civic and Voters Education Project

"Girls line up for official inspection prior to a match at one of the female sports league organized by YES Tanzania last year during a Civic and Voters Education targeting young people. YES Tanzania uses sports as a vehicle to reach young people. All over the world young people love sports either by themselves playing or watching. Female sports like this one helps to bring gender equality contrary to a belief that football is a male's sport". (File Picture)

By Friday Simbaya, Mbeya

The Foundation for Civil Society (FCS) has hailed Youth Education through Sports Tanzania (YES Tanzania) a youth led and youth focused NGO based in Mbeya region for implementing a Civic and Voters education project in Mbeya rural, Mbeya region last year prior to general elections in accordance with the project contract between YES Tanzania and FCS.

Through a contract number FCS/MG/SCGE/15/548, FSC gave YES Tanzania a grant worth 15m/ (USD 6,860.00) to facilitate the implementation of the project.

According to a letter signed by Martha Olotu on behalf of the FCS Executive Director, sent to YES Tanzania Executive Director, Kenneth Simbaya, FCS acknowledges that YES Tanzania has demonstrated ability to execute the project according to implementation plan. 

“The organization has demonstrated strongly its ability in working collaboratively with various partners in executing the project,” reads the letter from FCS.

Civic and Voters education project which targeted young people was implemented between September-November 2015.

The Foundation for Civil Society (FCS) is an independent Tanzanian not-for-profit organization that provides grants and other capacity building services to civil society organizations in Tanzania. The FCS was registered as a legal entity in September 2002 and started its operations as an independent organization in January 2003. 

Meanwhile, YES Tanzania is in negotiations with Open Society Initiative for Eastern Africa (OSIEA) seeking support to implement a project dubbed Funguka that aims at advocating for youth participation in decisions and issues that affect young people. 

According to Simbaya, nowadays most of the youth in Tanzania and globally are leading lives without proper guidance, excluded from planning, implementing and evaluating programmes, policies and plan which at the end of the day affect their lives. YOUTH ARE IN DARKNESS when it comes to how plans are initiated or designed, implemented and evaluated to authenticate as to whether they respond to their needs and concerns, something which has led most of the youth to develop a culture of apathy and back seat syndrome. 

He said the government, individual people and CSOs, have tried to address young people’s problem but in vain, not only have purported intervention flopped or couldn’t produce the desired result but they also lacked support from the very young people they purported to support. The main reason for that is, youth are not involved in reaching for the purported solutions and hence the decisions reached lack ownership and enthusiasm needed for the decisions to be implemented. We forget that transformation cannot be imposed; it should be from inside out.

“There are signs from this administration led by President John Pombe Magufuli, that young people could be given opportunities. This is evident in his various appointments,” Simbaya intoned. 

Funguka project according to Simbaya, has three main objectives namely: Stimulate youth participation in democracy and good governance, to encourage local governments, political parties to engage youth in various matters that affect youth, and to increase youth and gatekeepers accountability.

Dk. Kigwangalla asimikwa Uchifu wa Wanyamwezi

Wazee wa Mila wakiwa upande wa wageni maalum

Mbunge wa Nzega Vijijini ambaye pia ni Naibu Waziri wa Afya, Maendeleo ya Jamii, Jinsia, Wazee na Watoto Mhe. Dk. Hamisi Kigwangalla akikabidhiwa mkoba wa mishale

Dk. Kigwangalla ambaye yupo ziarani katika maeneo mbalimbali ya Jimbo hilo kwa lengo la kushukuru Wananchi hao kwa kumpigia kura nyingi za zilizomwezesha kuingia Bungeni, ambapo katika tukio hilo lililoshuhudiwa na umati mkubwa wa wanakijiji wa Kijiji hicho, 

Wazee hao wa Mila walieleza kuwa, hatua hiyo ya kusimikwa Uchifu wa heshima wa kabila la Wanyamwezi ni ishara kubwa kuwa Kijana mashuhuri na kijana mpiganaji sawasawa hivyo kwa ushindi wake kuchaguliwa nahata kupewa Uwaziri (Naibu Waziri), ni ishara kubwa ya kufikia malengo yake aliyokusudia katika Taifa hili.

Wazee hao wa Mila waliweza kumkabidhi mishale, Mkuki, upinde na kumtakia kila lakheri katika safari yake hiyo ya kiutawala.

Akitoa shukrani zake katika tukio hilo, Dk. Kigwangalla amesema kuwa, Wananchi wake wategemee neema kubwa kwani kwa sasa yupo katika hatua ya utendaji kazi Zaidi na kuwataka wawe na Imani naye pamoja Serikali iliyopo madarakani kwani imejipanga kuleta maendeleo makubwa.

“Nawashukuru nyie kwa kuniwezesha kunipigia kura nyingi sana ambazo zimeniwezesha mimi kupata nafasi ya kuingia Buangeni. Nawaahidi kuwatumikia kwa nguvu zangu zote. Nguvu nilizozianza tokea awali na kwa sasa zitakuwa kubwa Zaidi, muendelee kuniombea.

Nafahamu kuna kero nyingi sana, shida za barabara za kuingia na kutoka huku Vijijini, Suala la Umeme na mengine mengi haya yote yanafanyiwa kazi na taratibu zote zinaenda vizuri.” Alieleza Dk. Kigwangalla wakati wa kuwashukuru wananchi wa kijiji hicho cha Isalalo.

Ziara hiyo iliyoanza tokea Julai 13 mwaka huu, Mbunge huyo ambaye Jimbo lake hilo lenye jumla ya Kata 19, zikiwemo Kata ya Puge, Ndala, Nata,, Sanzu, Lusu, Milambo Itobo, Magengati, Budushi, Nkiniziwa, Mbagwa, Mizibaziba, Utwigu, Muhugi, Mwantundu, Wela, Mwasala, Tongi, Ugembe.

Ambapo katika Vijiji vya Kata hizo amewafikia wananchi na kuwashukuru kwa hatua yao ya kumchagua ambapo pia ameweza kutekeleza ahadi aliyoitoa yeye mwenyewe ikiwemo vifaa vya michezo kwa timu za vijana, pamoja na kutimiza ahadi za michango mbalimbali ikiwemo ya kuchangia ujenzi wa shule, makanisa, misikiti, Zahanati na mambo mbalimbali huku pia akipokea maoni na uashahuri kutoka kwa wapiga kura wake hao.

DC MUHEZA AWATAKA WAFANYABIASHARA WA SOKO LA SAMAKI KUHAMIA ENEO LA SOKO LA MICHUNGWANI

Mkuu wa wilaya ya Muheza Mkoani Tanga, Hajat, Mhandisi Mwanasha Tumbo kulia akizungumza na wafanyabiashara wa samaki katika soko la kuuzia samaki wabichi na wakavu ambalo limevunjwa na kutakiwa kuhamia kwenye soko la michungwani ambalo limejengwa kwa ubora kwa ajili ya kufanya shughuli zao 

Mfanyabiashara wa soko la samaki la kulia akimuonyesha mkuu wa wilaya ya Muheza,Hajat,Mhandisi Mwanasha Tumbo kitu wakati alipotembelea soko la kuuzia samaki wabichi na wakavu ambapo aliwataka wafanyabiashara hao kuondoka eneo hilo kuhamia eneo la michungwani. 

Mkuu wa wilaya ya Muheza Mkoani Tanga Hajat,Mhandisi Mwanasha Tumbo akisisitiza jambo kwa wafanyabiashara wa soko la samaki wabichi na wakavu kuhusu kuondoka eneo hilo na kuhamia soko la michungwani ambalo limejengwa kwa ubora mzuri kwa ajili ya kufanyia biashara zao 

Mkuu wa wilaya ya Muheza Mkoani Tanga Hajat,Mhandisi Mwanasha Tumbo kulia akimsikiliza mmoja wa wafanyabiashara ya samaki katika soko la kuuzia samaki wilayani humo ambao waliamuriwa kuhamia kwenye soko la Michungwani ambalo limejengwa kwa ubora kwa ajili ya shughuli zao. 

Habari kwa Hisani ya Blog ya Kijamii ya Tanga Raha

WWF: CLIMATE CHANGE IS INCREASING THE RISK OF WATER CONFLICT IN THE GRRC

Njombe: World Wide Fund (WWF)-Ruaha Water Program (RWP) Coordinator, Mturi James said water resource competition is significantly increasing the risk of conflict between different groups of water users in the Great Ruaha River Catchment (GRRC). 

He said that Climate Change (CC) is expected to further shrink the catchments and water sources which are important for the sustainability Great Ruaha River.

Mturi was speaking during the recent roundtable discussion meeting aimed at advancing the Great Ruaha River Catchment (GRRC) governance integration through Climate Change adaptation, sectorial collaboration and indigenous knowledge held at Makambako Township in Njombe Region.

He said that Climate change poses a fundamental threat to the places, species and communities hence WWF and other stakeholders are working together to protect.

“Around the globe, we are feeling the effects of climate change; our communities and Earth’s wildlife and ecosystems are being forever changed,” he said.

Extreme weather events, melting glaciers and rising sea levels all with links to climate change—are impacting communities and natural resources today. 

He said that the far-reaching effects of climate change are evident: our oceans are becoming more acidic, water supplies are shrinking, agricultural yields are dropping, and our forests are burning.

Although today’s climate impacts are serious and must be addressed, still there is time to avoid the most severe consequences of climate change. 

The Rufiji Basin Water Board (RBWB) and WWF’s Ruaha Water Program (WWF RWP), with support from WWF-UK and funds from the UK Department for International Development (DFID), are working together to address this concern.

One of the participants, Adamson Msigalla (74) from Mpando Village Water User Association (WUA) in Wanging'ombe District, Njombe Region shared the experiences on indigenous knowledge used to preserve and conserve the environment in 1950s and 1970s.

He said long time ago people used there tradition methods to protect the environment especially water sources and natural forests.

The old man said they used ancestral spirits and snakes to keep away people from destroying water sources and forests.

Msigalla also added that during that period land and water were enough for population because there were no water and land conflicts like today.

He said that population has grown and water uses also increased due to various economic activities, hence climate change.

Rendering to the media reports, the rapid rise in the world’s population and our ever-growing dependence on fossil fuel-based modes of production has played a considerable role in the growing concentration of greenhouse gases (GHG) in the atmosphere. 

As a result, global temperatures are increasing, the sea level is rising and precipitation patterns are changing, while storm surges, floods, droughts and heat waves are becoming more frequent and severe. 

Subsequently, agricultural production is decreasing, freshwater is becoming scarcer, infectious diseases are on the rise, local livelihoods are being degraded and human well-being is diminishing.